The Ura Monetary Structure is a replica of the traditional monetary structure, demonstrating that it is a stable and reliable monetary system that is based on proven principles. Within this structure, all institutions embody the same essential elements as their counterparts in the existing traditional fiat monetary systems, including their organisational structure, regulatory framework, and core functions. Working together, these institutions play vital roles in governing Ura and the Ura reserves to uphold Ura’s integrity and stability as global honest money. The Ura Monetary Structure is simply referred to as such because it is essentially the same as traditional fiat monetary systems with three key enhancing differences:
It uses Ura as its preferred currency. Ura is privately issued honest money that has the same level of safeguards as fiat while overcoming its inherent shortfalls and the problem of exclusion. The value of Ura is not based on faith or speculation but on the underlying value of the assets it is drawn on. This means that the value of Ura is not based on people’s belief in its value but on the actual value of the assets that it is drawn on. The assets that Ura is drawn on are US dollar-denominated receivables, which are debts that are owed to Resource Mobilization Inc (RMI) in US dollars. Therefore, Ura is not a cryptocurrency, fiat, or collective investment scheme, rather Ura is the evidence of the actual assets it is drawn on.
It seamlessly integrates with existing fiat monetary systems, using the exact distribution mechanisms, processes, and practices used for fiat in fiat systems to distribute Ura. However, unlike fiat currencies which are typically backed by a country’s governmentinstead of a physical commodity or financial instrument, Ura has a mandatory 100% physical commodity or financial instrument reserve This means that for every Ura in circulation, there is US$136.04 in real assets backing it under the custody and management of the Ura issuing, circulating, and distributing institutions. The Continuous liquidity for Ura in circulation reinforces its status as a reliable and trustworthy global currency.
It has enhanced comprehensive depositors’ protection insurance. This differentiates the Ura Monetary Structure from the fiat structure that uses traditional deposit insurance schemes, which typically have limits on the amount of money that is insured, the Ura Monetary Structure comprehensive depositor’s protection insurance has no limits. This means that all Ura deposits, whether above or below the traditional bank or national limits, are fully protected. For example, if you have U1,000,000.00 (Ura) deposited in a Ura institution, and that institution fails, you will get your total U1,000,000.00 back. This is a significant difference from traditional deposit insurance schemes, which often have limits.
The primary objective of the Ura Monetary Structure is to support Ura as a complementary form of honest money that addresses the shortcomings and exclusions of the fiat monetary system. The Ura Monetary Structure achieves this objective by maintaining the value and stability of both the Ura and the Ura reserve. This ensures that Ura is a reliable, stable, and accessible honest global money. The Ura Monetary Structure has also integrated an unparalleled level of security into its system, making Ura an attractive medium of exchange and facilitating seamless transactions. This bolsters Ura’s utility in all economic activities.
The Institutions
Central Ura Organization LLC
The Central URA Organization LLC(CUO) serves as the supreme authority governing the Ura Monetary Structure. As the primary overseer of the Ura currency, the CUO is responsible for issuing, circulating, and effectively managing Ura within the global economy. A central aspect of its role involves formulating and implementing the Ura monetary policy, which plays a crucial role in shaping the Ura monetary system.
Ensuring the stability of Ura’s value and purchasing power is among the CUO’s key objectives. To achieve this, the CUO meticulously maintains the value of both Ura and the Ura reserve, safeguarding the reliability and trustworthiness of the currency. By strategically setting the Ura monetary policy, the CUO can adeptly respond to economic conditions, regulating the supply of Ura and effectively managing its value to foster stability and confidence in Ura as a global honest currency. Through its diligent management, the CUO plays an integral part in promoting a secure and robust financial ecosystem, facilitating inclusive economic growth and prosperity.
Central Ura Reserve Limited
The Central URA Reserve Limited (CUR) serves as the global reserve-central bank within the Ura monetary system, diligently operating under the guidance of the CUO. It plays a vital role in executing CUO’s monetary policy decisions, ensuring their effective implementation to maintain stability and efficiency within the Ura Monetary Structure. Supervising and regulating Ura national-central banks, the CUR fosters compliance and stability across the global financial landscape, bolstering confidence and trust in Ura as a reliable global currency.
Central Ura Reserve Management
The Central URA Reserve Management LLC (CURM) is the management company for the Central URA Reserve Limited (CUR) and implements all CUR roles, functions, and responsibilities. In close collaboration with the CUO, the CUR actively contributes to the seamless functioning of the Ura monetary system, ensuring its efficacy in supporting inclusive global economic development. Together, they forge a strong foundation for Ura to serve as an accessible and reliable means of trade, investment, and financial transactions worldwide. The Ura Board of Governors and the Ura Open Market Committee are part of the CURM which implements the CUR’s role as the custodian of the global Ura reserve, the CUR is devoted to preserving and safeguarding its stability and integrity, fortifying Ura’s status as a dependable medium of exchange. To provide secure and legitimate Ura currency, the CUR is responsible for the issuance of Ura notes, coins, and digital representations, both on-chain and off-chain. Thoroughly equipped with cutting-edge security features, these Ura representations remain safeguarded against counterfeiting.
Ura Board of Governors
The Ura Board of Governors (UBG) plays a crucial role as a pivotal institution within the Ura Monetary Structure. With a diverse composition, the Board consists of 14 members, ensuring representation from various regions of the world and expertise in central banking. The UBG comprises six presidents elected from the presidents of Ura Central Banks in each continent, the president and deputy president of the Central Ura Reserve Limited, and six central banking experts.
Its Responsibilities and Roles include:
Advisory Oversight
As an advisory board, the UBG provides critical oversight of Ura Central Banks (UCBs) worldwide. It ensures that UCBs adhere to established monetary policies and regulatory frameworks, fostering stability and consistency within the Ura monetary system across different regions and jurisdictions.
Collaborative Decision-Making
The UBG promotes collaboration and coordination among UCBs, facilitating the exchange of knowledge, best practices, and experiences. This collaborative approach enhances the effectiveness and efficiency of monetary policies implemented by UCBs.
Expert Guidance
The six central banking experts on the UBG offer their profound knowledge and experience in the field of central banking. Their insights contribute to informed and prudent decision-making, ensuring the overall integrity and effectiveness of the Ura Monetary Structure.
Regional Representation
The six presidents elected from the presidents of UCBs in each continent provide regional representation, ensuring that the Ura monetary system's policies and decisions consider the unique economic dynamics of different parts of the world.
Policy Formulation
While the UBG is an advisory board, its recommendations carry significant weight. The Board actively participates in the formulation of monetary policies and strategies, contributing to the overall stability and growth of the Ura monetary system.
Crisis Management
In times of economic challenges or financial crises, the UBG collaborates with UCBs and other relevant institutions to develop and implement appropriate crisis management measures. These actions are aimed at safeguarding the stability and resilience of the Ura monetary system during turbulent times.
Upholding Public Trust
The UBG's advisory role involves communicating and engaging with the public to foster transparency and trust in the Ura monetary system's governance. This ensures that the public remains informed about the decisions and policies that impact their economic well-being.
The Ura Board of Governors’ diverse expertise and global representation contribute significantly to the success and stability of the Ura Monetary Structure. By providing advisory oversight, expert guidance, and collaborative decision-making, the UBG reinforces Ura’s position as a reliable, stable, and accessible global honest money, ultimately supporting the Ura monetary system’s mission to foster inclusive global economic development.
Ura Open Market Committee
The Ura Open Market Committee (UOMC) operates under the guidance of the Ura Board of Governors and is responsible for conducting open market operations to influence the Ura supply, interest rates for Ura, and overall economic conditions.
Its Responsibilities and Roles include:
Monetary Policy Implementation
The UOMC is tasked with implementing monetary policy decisions set forth by the CUO. Through open market operations, the committee buys and sells Ura-denominated securities in the open market. These transactions aim to adjust the Ura supply, correct any Ura currency exchange fluctuations, and achieve economic stability and growth in the Ura monetary system.
Influence on Interest rates for Ura
By buying and selling Ura-denominated securities, the UOMC affects the level of Ura Central Banks' national reserves and the national funds rate. These actions, in turn, influence interest rates for Ura throughout each economy participating in the Ura monetary system. By managing interest rates for Ura, the UOMC plays a crucial role in stimulating or curbing Ura utilization activities as needed.
Economic Goals
The UOMC aligns its actions with broader economic goals set by the CUO. These goals may include promoting full employment, full access to social security, sustainable economic growth, and financial stability.
Data Analysis and Decision-Making
The UOMC continuously monitors economic data and indicators to make informed decisions on open market operations. The committee considers various economic factors, including employment rates, GDP growth, and inflation trends, to calibrate its interventions appropriately.
Transparency and Communication
The UOMC emphasizes transparency and clear communication regarding its actions and decisions. It regularly publishes minutes of its meetings and issues statements explaining the rationale behind its choices, fostering public understanding and confidence in the Ura monetary system.
Collaboration with UCBs
The UOMC collaborates closely with Ura Central Banks to ensure the effective implementation of Ura monetary policies and to align actions across different regions of the world.
Ura Central Banks
The Ura Central Banks (UCBs) form an integral part of the Ura Monetary Structure, acting as key players in the governance and implementation of Ura within their respective nations. Each UCB operates under the overarching guidance of the Central Ura Reserve Limited (CUR) and the Central Ura Organization LLC(CUO), ensuring seamless coordination and adherence to the Ura monetary policy.
Its Responsibilities and Roles include:
Monetary Policy Implementation
The UCBs execute the monetary policy decisions set forth by the CUO to regulate the supply and circulation of Ura within their jurisdictions. By maintaining price stability and controlling inflation, the UCBs play a pivotal role in fostering economic growth and stability.
Currency Issuance
As authorized agents of the CUR, the UCBs are responsible for issuing Ura notes, coins, and digital representations within their nations. Ensuring the security and authenticity of Ura currency, they employ advanced measures to prevent counterfeiting and maintain the integrity of the Ura monetary system.
Banking Regulation and Supervision
The UCBs oversee and regulate financial institutions operating within their jurisdictions, ensuring compliance with Ura monetary policies and international financial standards. By promoting a sound and secure banking environment, the UCBs contribute to the overall stability of the Ura financial system.
Reserve Management
Collaborating with the CUR, the UCBs actively manage their nation's Ura reserves, safeguarding their value and stability. Effective reserve management enables the UCBs to respond to economic fluctuations and maintain the overall resilience of the Ura monetary system.
Economic Research and Analysis
UCBs engage in comprehensive economic research and analysis, providing valuable insights to the CUO in shaping Ura monetary policies. These insights aid in understanding economic trends, potential risks, and opportunities for sustainable economic growth.
Promotion of Financial Inclusion
The UCBs strive to promote financial inclusion within their nations, ensuring that Ura is accessible and beneficial to all segments of society. By fostering an inclusive financial ecosystem, the UCBs contribute to Ura's broader mission of fostering inclusive global economic development.
Through their collective efforts, the Ura Central Banks play a crucial role in the stability, accessibility, and reliability of Ura as global honest money. Upholding the Ura Monetary Structure’s principles and objectives, they work in unison to create a secure and resilient financial framework that supports economic prosperity and inclusivity within their respective nations and beyond.
Ura Fiduciary Printers
In their crucial roles, the Ura Fiduciary Printers take on the responsibility of producing physical Ura notes and coins to the most exacting standards. They adhere to stringent guidelines to ensure the authenticity and quality of the currency, instilling confidence among users and stakeholders alike.
Its Responsibilities and Roles include:
Physical Currency Production
The primary duty of the Ura Fiduciary Printers is to meticulously produce physical Ura notes and coins. This process adheres to rigorous standards and guidelines to maintain the currency's authenticity and reliability.
Security Features Implementation
With a constant focus on combating counterfeiting, these entities incorporate state-of-the-art security features into Ura notes and coins. These cutting-edge measures serve as deterrents to counterfeiters, fortifying the currency's credibility.
Quality Assurance
Throughout the production process, the Ura Fiduciary Printers conduct thorough quality control checks to ensure that Ura notes and coins meet the highest specifications, reinforcing the currency's integrity.
Distribution
Collaborating with the Central Ura Reserve Limited and Ura Central Banks, they facilitate the smooth distribution of physical Ura currency to various financial institutions, ensuring accessibility for the public.
Currency Recycling
They undertake the management of currency recycling, ensuring that damaged or worn-out Ura notes and coins are withdrawn from circulation and replaced with new ones.
Public Awareness
Proactively engaging in public awareness campaigns, they educate the public about the security features of Ura currency and offer guidance to identify genuine currency, thereby thwarting counterfeit usage.
Research and Innovation
Continuously exploring advanced printing and minting technologies, the Ura Fiduciary Printers seek to enhance the security and durability of Ura notes and coins, promoting trust in the currency's resilience.
The Ura Fiduciary Printers play an indispensable role in preserving the integrity and trustworthiness of Ura as a global currency within the Ura Monetary Structure. Their commitment ensures a secure and efficient means of value exchange, contributing to the facilitation of inclusive global economic development.
Ura Treasury Department
The Ura Treasury Department (UTD) is a crucial department within the Ura Central Bank (UCB) that ensures effective coordination between Ura monetary policies and fiscal policies governed by the territory’s Government. It achieves this by managing the issuance of Ura-denominated securities exclusively for open market operations, empowering the UCB to implement CUO monetary policy decisions efficiently, thereby regulating Ura supply and interest rates.
The UTD also facilitates regular communication and cooperation between the UCB and the Government, achieving synergy between Ura monetary policies and Government fiscal policies. This helps to ensure that the UCB has a balanced and effective implementation strategy that integrates the territory’s monetary and fiscal aspects in implementing the CUO monetary policies. This, in turn, contributes to the stability and prosperity of the territory and the public, while reinforcing Ura’s reputation as reliable honest money.
Ura Deposit Insurance Corporation
Ura Financial Institutions
The Ura Financial Institutions (UFIs) play a pivotal role in the Ura Monetary Structure. They act as intermediaries between the public and the Ura Central Bank (UCB), and their main responsibility is to always hold Ura reserves equal to 100% of the Ura they have distributed to the public. This ensures continuous liquidity for Ura in circulation and reinforces its status as honest global money. The UCB oversees and enforces this mandate, closely monitoring and auditing the UFIs reserve holdings to ensure compliance.
Its Responsibilities and Roles include:
Maintaining 100% national reserve requirements
UFIs are required to hold Ura reserves equal to 100% of the Ura they have distributed to the public. This ensures continuous liquidity for Ura in circulation and reinforces its status as a reliable and trustworthy global currency.
Acting as intermediaries
UFIs act as intermediaries between the public and the UCB. They facilitate the smooth flow of Ura and credit while providing essential banking services to individuals, businesses, and other entities.
Distributing Ura at equal value
UFIs are authorized to distribute Ura to the public at an exchange rate of 1 Ura = $136.04. This means that for every Ura issued to the public, an equivalent national Ura reserve is held with the UCB, creating a secondary national reserve for Ura.
Upholding financial stability
By adhering to the 100% reserve holding requirement, UFIs actively contribute to the stability and integrity of the Ura monetary system. This joint responsibility with the UCB fosters transparency, reliability, and financial prudence, instilling confidence and participation in the Ura monetary system.
Supporting global economic development
Through their collaborative efforts, UFIs play a crucial role in supporting Ura as a dependable medium of exchange in the global economy. Their commitment to maintaining the required reserves ensures the smooth functioning of the Ura monetary system, fostering confidence and participation in Ura as a reliable and honest global currency.
Providing banking services
UFIs provide a wide range of banking services to their customers, including deposit-taking, lending, investment, and asset management. These services support economic activities and foster growth within the global economy.
Processing and settling financial transactions
UFIs play a significant role in processing and settling financial transactions within the Ura monetary system. They facilitate seamless and secure payments, ensuring the efficient movement of funds across borders and enhancing the accessibility of Ura for various transactions.
Creating credit
As key players in the financial ecosystem, UFIs also can create credit by extending loans and credit facilities to individuals and businesses. This credit creation process fuels economic growth and investment opportunities, contributing to inclusive economic development.
Complying with regulations
UFIs must adhere to regulatory guidelines and prudential standards set forth by the UCB and other relevant authorities. Compliance ensures the stability and soundness of the financial system and enhances consumer protection within the global Ura economy.
Providing customer support
UFIs are committed to providing excellent customer support and service. They engage with their clients, offering financial advice, assistance, and guidance in managing their financial needs and goals.
The collective efforts of UFI play a pivotal role in fostering the objectives of the Ura Monetary Structure. By functioning cohesively and responsibly, these UFI’s bolster the confidence and trust placed in Ura as a reliable global honest money.
Ura Clearing and Settlement Systems
The Ura Clearing and Settlement Systems hold a pivotal position within the Ura Monetary Structure, serving as essential infrastructure that facilitates seamless, efficient, and secure clearing and settlement of Ura transactions between financial institutions. These systems act as the backbone of the Ura monetary ecosystem, enabling the swift and reliable transfer of Ura from one institution or individual or entity to another.
The clearing process is responsible for verifying the legitimacy of Ura transactions and ensuring that the necessary funds are available for settlement. Financial institutions submit Ura transactions to the clearing system, which then validates and matches these transactions with corresponding transactions from other institutions. This process helps to streamline the exchange of Ura, reducing complexities and optimizing the flow of funds across the Ura monetary system.
Once the clearing process is completed and transactions are matched, the settlement process comes into play. The settlement involves the actual transfer of Ura funds between financial institutions. The Ura Clearing and Settlement Systems ensure that these transfers are executed securely and promptly, minimizing settlement risks and promoting overall financial stability.
The efficiency and reliability of the Ura Clearing and Settlement Systems are vital for fostering confidence in Ura as honest global money. By facilitating smooth and timely transactions, these systems enhance the accessibility and usability of Ura for various financial activities, including trade, investment, and day-to-day transactions.
Moreover, their robust security measures and adherence to strict regulations safeguard against potential risks and fraudulent activities, reinforcing the trust placed in Ura as a trustworthy medium of exchange.
Overall, the Ura Clearing and Settlement Systems play a significant role in maintaining the integrity and functionality of the Ura monetary system. By supporting efficient and secure Ura transactions between financial institutions, these systems contribute to the stability and resilience of Ura as a global honest money, promoting inclusive economic development and facilitating seamless financial interactions on a global scale.
Ura Payments Systems
Ura Payments Systems (UPS) encompass a collection of financial institutions, payment processors, clearinghouses, and technology providers that collaborate to ensure smooth and secure Ura transactions. It is not a single centralized institution but a coordinated network of entities that collectively contribute to the efficient functioning of Ura payments within the Ura monetary system. The UPS is responsible for facilitating secure, efficient, and timely Ura payments between various participants in the Ura monetary system. Its primary responsibility is to enable seamless transactions, ensuring that Ura can be used as a reliable medium of exchange in the global economy at any time and anywhere.
The UPS encompasses a variety of payment methods and infrastructures to cater to the diverse needs of individuals, businesses, and financial institutions. It leverages cutting-edge technologies, including blockchain, digital wallets, and real-time settlement systems, to enhance the speed and security of Ura transactions.
Its Responsibilities and Roles include:
Payment Clearing and Settlement
The UPS operates as a clearinghouse for Ura transactions, efficiently reconciling payments between different on-chain and off-chain financial institutions. It ensures the smooth flow of Ura and enables quick settlement, reducing transaction processing times.
Digital Payment Solutions
UPS offers a range of digital payment solutions, including mobile payments, online transfers, and contactless payments, making it convenient for individuals and businesses to conduct transactions seamlessly.
Cross-Border Payments
The UPS facilitates cross-border payments, enabling businesses and individuals to transfer funds internationally in Ura. It ensures transparency and efficiency in cross-border transactions, promoting global trade and investment.
Payment Security and Fraud Prevention
The UPS employs robust security measures to safeguard against unauthorized access and fraud, protecting the interests of account holders and financial institutions.
Interoperability
The UPS promotes interoperability among different payment systems, allowing smooth and frictionless transactions between various platforms and financial institutions.
Continuous Innovation
UPS continuously explores and adopts innovative technologies to enhance the efficiency and reliability of Ura payments, staying at the forefront of the evolving financial landscape.